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Mortgage Rates 12-08-15

By Lisa Robison Updated on 12/8/2015

Mortgage rates are lower today by a pretty significant amount.  Today the bond markets opened up in weaker territory, and then have been bouncing back.  The catalyst for this shift, both today and yesterday has been the near 7 year lows in the oil prices.  The barrel price for oil has reached a low of $36.64.  During the domestic session, the German Bunds and Treasuries were dragged lower, resulting in stronger opening levels for domestic treasuries and mortgage backed securities. Oil has been a key factor in trading today, due in part to the fact that we are heading into next week's FOMC meeting, as well as the sparse economic data on calendar this week. Tomorrow we have the release of Mortgage Market Index, Wholesale Inventories, and the 10 year Note Auction.  Thursday we have Import prices mm, Export prices mm, Initial Jobless Claims, and the 30 year bond auction.  Friday we see both the Retail Sales data, as well as the US PPI Final Demand mm.  Check back tomorrow to see what mortgage rates are doing.              

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  • 30 year (FRM) rates at 3.98% (-0.05%).
  • 15 year (FRM) rates at 3.23% (-0.02%).
  • FHA 30 year Fixed rates at 3.68% (-0.04%).
  • Jumbo 30 year Fixed rates at 3.81% (-0.04%).
  • 5/1 ARM rates at 2.97% (-0.01%).
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About The Author:
Lisa Robison
My name is Lisa Robison. I am an Associate Editor on Lender411com and lenderhomepagecom. I'd be happy to answer any question you have about our products and services.

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